If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

UK Franchise and VAT

kidloco · 2010-06-15 19:24:09

Hi all, Just need a bit of help with this one? We have a Ltd Company set up in Dublin. It is a Franchise from the Uk, quaterly royaltys are sent to this company. It is a theatre arts school, ie: educational. We have always been VAT Excempt. Our London office has just informed us that we must pay Vat on these royaltys now,…

15-06-2010 7:24pm

#1

kidloco

Closed Accounts Posts: 37 ✭

Join Date: January 2007

Posts: 24

Hi all,
Just need a bit of help with this one?
We have a Ltd Company set up in Dublin. It is a Franchise from the Uk, quaterly royaltys are sent to this company. It is a theatre arts school, ie: educational. We have always been VAT Excempt.

Our London office has just informed us that we must pay Vat on these royaltys now, to the Revenue Commisioners here in Ireland.

Can anyone shed any light on this?

Many Thanks

0

Comments

#2 17-06-2010 12:20pm

mozattack

Registered Users, Registered Users 2 Posts: 1,908 ✭✭✭

Join Date: June 2009

Posts: 1680

I thought royalties were deemed to be 4th Schedule Services. You would self-account the VAT on them but cannot take an input credit by virtue of being VAT exempt.

0